Outlook Is Dim For Securities Litigation: Lerach

Law360, New York (April 13, 2010, 6:49 PM EDT) -- Following the financial meltdown, private securities litigation is endangered and securities regulators are hopelessly compromised, according to William S. Lerach, the disbarred securities class action powerhouse who recently completed a two-year prison sentence for taking part in a long-running kickback scheme.

Making an appearance at a panel at the University of San Diego School of Law on Monday after finishing his prison term on March 8, Lerach painted a bleak picture of the future of securities and corporate litigation in the wake of the financial crisis....
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